Virtusa Corporation Company Profile (NASDAQ:VRTU)

Virtusa Corporation (Virtusa) is an information technology services company. The Company's services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services. Its services enable its clients to accelerate business outcomes by consolidating, rationalizing and modernizing the clients' core customer-facing processes into one or more core systems. It delivers solutions through a global delivery model, applying advanced methods, such as Agile, a technique designed to accelerate application development. The Company uses its consulting methodology, Accelerated Solution Design (ASD). It supports the Chief Information Officers (CIOs) of its client organizations in solving their critical issues, including managing total cost of ownership, accelerating time-to-market and increasing productivity.

What is Virtusa Corporation's stock symbol?

Virtusa Corporation trades on the NASDAQ under the ticker symbol "VRTU."

How will Virtusa Corporation's stock buyback program work?

Virtusa Corporation declared that its board has approved a stock repurchase program on Sunday, June 4th 2017, which authorizes the company to buyback $30,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

How were Virtusa Corporation's earnings last quarter?

Virtusa Corporation (NASDAQ:VRTU) announced its quarterly earnings results on Tuesday, August, 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. The firm had revenue of $227.30 million for the quarter, compared to analyst estimates of $224.46 million. Virtusa Corporation had a return on equity of 4.26% and a net margin of 2.47%. The firm's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. View Virtusa Corporation's Earnings History.

When will Virtusa Corporation make its next earnings announcement?

What guidance has Virtusa Corporation issued on next quarter's earnings?

Virtusa Corporation issued an update on its FY18 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $1.45-1.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.54. The company issued revenue guidance of $940-960 million, compared to the consensus revenue estimate of $935.37 million.Virtusa Corporation also updated its Q2 guidance to $0.32-0.38 EPS.

Where is Virtusa Corporation's stock going? Where will Virtusa Corporation's stock price be in 2017?

7 equities research analysts have issued 12-month target prices for Virtusa Corporation's shares. Their predictions range from $32.00 to $43.00. On average, they expect Virtusa Corporation's stock price to reach $37.14 in the next year. View Analyst Ratings for Virtusa Corporation.

What are analysts saying about Virtusa Corporation stock?

Here are some recent quotes from research analysts about Virtusa Corporation stock:

4. Cowen and Company analysts commented, "Large clients have stabilized and margin expansion plans are well within VRTU's control. Even industry average growth (conservative case) and moderate operating margin accretion provide adj EPS growth avg 30%+ over the next 2 years and we see further potential for upside (not modeled). Upgrade to Outperform; new PT $38." (3/24/2017)

5. Wedbush analysts commented, "We continue to believe that a combination of revenue/cost synergies from Polaris acquisition, improving execution and positive spending patterns at Fls will gradually expand margins while accelerating top line growth." (3/3/2017)

MarketBeat's community ratings are surveys of what our community members think about Virtusa Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.

MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.